GM posts q2 loss
The leading automobile player in the world , the General Motors, has reported a massive fifteen billion dollar loss for the just concluded second quarter of 2008. The loss is due to the drop in the high margin utility vehicles and high end brands, and also due to the inability of the company to pass on the steep cost in the inputs , namely steel and plastic. The situation is expected to improve only by second or third quarter of 2009, opine experts.